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Uncertainty high, markets volatile, possibility of further price declines


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#51 12SPX

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Posted 18 May 2020 - 02:33 PM

Your starting to sound like blue d lol!!  



#52 dTraderB

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Posted 18 May 2020 - 03:01 PM

ES LONG 2948

 

ONE LOT

 

HATE to do this but 90% of these hedge trades are profitable

 

36 SPY PUTS

 

NQ daytrading is almost like taking candy from a baby on big big big UP  or DOWN days



#53 dTraderB

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Posted 18 May 2020 - 08:46 PM

The SPX 2950 to 2980 is a very strong resistance zone; break above that and 100 SPX points can be easily added -- if that happens I will buy 100 plus SPY PUTS

We've been here in this zone before, several times. 

Failure in this zone takes the market back to under SPX 2700

 

Watch the S&P500 2945 to 2955 level=critical. That is the level at which the market failed in early March and then plummeted. Also, the intraday highs on 4/29, 5/11, and 5/12 were 2954, 2944, and 2945, respectively.

 



#54 tradesurfer

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Posted 18 May 2020 - 11:44 PM

trading plan for tomorrow is SPX gets to 3000 in a final short squeeze, gets rid of the last shorts... and then it reverse HARD down fast down



#55 dTraderB

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Posted 19 May 2020 - 08:27 AM

trading plan for tomorrow is SPX gets to 3000 in a final short squeeze, gets rid of the last shorts... and then it reverse HARD down fast down

almost similar to my possible path

it could go as high as 3050/60 -- about 4% from here



#56 dTraderB

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Posted 19 May 2020 - 08:28 AM

only NQ daytrades so far

 

a bit quieter today 

 

scrapping & scalping...3 lot trades



#57 dTraderB

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Posted 19 May 2020 - 09:11 AM

ES LONG 2948

 

ONE LOT

 

HATE to do this but 90% of these hedge trades are profitable

 

36 SPY PUTS

 

NQ daytrading is almost like taking candy from a baby on big big big UP  or DOWN days

 

 

closed es long 2952.75

 +4.75 

did its job while I  was asleep 

now focusing on NQ 5-LOT trades

 

will buy ES much lower  unless I  add more PUTS



#58 dTraderB

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Posted 19 May 2020 - 09:29 AM

ES long 43.50 

leave this there



#59 CLK

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Posted 19 May 2020 - 09:31 AM

What time frame do you trade NQ, 1 minute?



#60 dTraderB

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Posted 19 May 2020 - 09:53 AM

NQ stronger

long tails in recent GREEN HOURLY ES candles

But 2950/60 resistance and good support 2930/40

where will it break out of this zone of congestion?